Muktinath Bikas Bank Signs MoU with Federation of Transporter-Nepal to Facilitate Vehicle and Business Loans

Muktinath Bikas Bank has signed a Memorandum of Understanding (MoU) with the Federation of Transporter-Nepal (FTN) to provide financing support to transport businesses affiliated with the federation.

Under the agreement, FTN members can obtain loans from the bank to purchase vehicles of any brand required for transportation services and to meet their business financing needs. The bank will provide the loan facility through its 176 branches at attractive concessional interest rates.

The partnership is expected to make financial services more accessible to transport entrepreneurs, helping them expand their services and businesses. The bank has also introduced special loan offers at minimum interest rates for auto, agriculture and SME loans.

The MoU was signed by Tara Manandhar, Chief Executive Officer of Muktinath Bikas Bank, and Madhav Prasad Nepal, President of the Federation of Transporter-Nepal.